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Editorial Results (free)

1. First Tennessee to Put $4B In Community Investment -

Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an eight-state footprint.

2. First Tennessee Bank Launching $4 Billion Community Investment Effort -

Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an 8-state footprint.

3. Foote Homes Last Vestige Of Public Housing -

As the last of the city’s large public housing developments is demolished, the oldest of the mixed-income communities that replaced them is about to turn 20.

College Park opened in 1998 on the site of what had been Lemoyne Gardens in the area of South Memphis now known as Soulsville.

4. Last Word: No Deal, Ivan Rabb and Intermodals in Overton Park -

And the winner is … not Fred’s. After months of speculation about the Memphis-based discount retail store’s transformation into a pharmacy-based enterprise with the purchase of hundreds of Rite Aid stores in a third-party divestment move, Fred’s was nowhere to be found when Walgreens announced a deal Thursday to buy the Rite Aid stores. The corporation told investors it will still pursue its strategy but acknowledged its trajectory is “stunted” – that as Fred’s got hammered on Wall Street.

5. New Type of Subdivision to Replace Foote Homes -

Memphis’ last traditional public housing complex is coming down and a new kind of subdivision will rise in its place.

The Land Use Control Board formally accepted the site plan for the South City development at its Thursday, Sept. 8, meeting. With the help of a $30 million federal Choice Neighborhoods grant, the Memphis Housing Authority plans to raze the 420 units of Foote Homes that date back to the 1940s to make way for Memphis’ first sustainable subdivision.